Stefan_Johnson

2 years ago

What was one result of the Fordney-McCumber Act?

The Fordney–McCumber Tariff of 1922 raised American tariffs in order to protect factories and farms. Congress displayed a pro-business attitude in passing the ad valorem tariff and in promoting foreign trade through providing huge loans to Europe, which in turn bought more American goods.[1] The Roaring Twenties brought a period of sustained economic prosperity with an end to the Depression of 1920–21.
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